Aggressive Brazilian Expansion Lithium is the most in-demand tech resource in the world right now. And with this demand comes high prices and an extremely profitable/investable environment with companies scrambling to invest in lithium companies in addition to existing companies like SQM posting net incomes with 7x YOY growth. And with EVs only accounting for a small portion of the overall car market, there’s still a lot of long-term demand that is yet to be satisfied as the transition toward more sustainable transportation continues.
https://www.greencarcongress.com/2023/03/20230313-sqm.html
$EMIN.C has been aggressively expanding their Brazilian portfolio with a recent 8,631-hectare land acquisition.
- This brings the total land holdings to 34,000 hectares, making them a land leader in the province.
- Surrounds the original 3,500 hectares which yielded promising results/high-lithium indication from the chip and soil sampling.
While they increase their land holdings, $EMIN.C isn’t just ignoring exploration plans as they have a planned Auger drilling for the next quarter and a geochemical and geophysical work program to identify targets. With a valuation of just $5M, it makes them one of the most undervalued companies when taking into account their land holdings and potential in the industry. Definitely one to watch.